General Chat / Discussion, page-1514

Lower prices seemed to be rejected very strongly, we didn't see the typical parcel sell offs of the 6m/8m/10m/12m single dumps we have seen in the past that end up killing momentum.

Bounced off 6.5c very strongly....on the chart we've got a very long candle wick, closing the gap at 6.9c and pushed right back up and above the opening price and a strong closing hour with some big buys coming through but no big dumping.

$235m Market Cap still makes IXR undervalued when the Aclara project is $300mMC with IXR 10 to 15 times the size....this is the exact same experience I went through with AVZ where quality and sheer resource size eventually can't be ignored anymore and IXR will get there too.

For context and reference:

10c IXR is still only around $340m market cap
20c - $680m
40c - $1.36 billion (still less than 5 times the value of $300mMC Aclara with at least 10 times the resource)

People and haters laughed at us on AVZ for years as we touted similar figures within the Lithium comparison sector....2c to a high of 98c